Zurich Insurance Group Annual Report 2012 Risk review 133
Table 11.a
Economic credit in USD millions, as of December 31, 2012 Other
spread sensitivities USD EUR GBP CHF currencies Total
for the Global Life 100 basis points increase in credit spreads
business – Total Impact on Embedded Value (189) (282) (100) (250) (130) (951)
current period
Table 11.b
Economic credit in USD millions, as of December 31, 2011 Other
spread sensitivities USD EUR GBP CHF currencies Total
for the Global Life 100 basis points increase in credit spreads
business – Total impact on Embedded Value (191) (612) (113) (224) (88) (1,229)
prior period
Table 12.a
Economic credit in USD millions, as of December 31, 2012 Other
spread sensitivities USD EUR GBP CHF currencies Total
for the rest of the 100 basis points increase in credit spreads
businesses – Net impact before tax (320) (74) 2 (3) – (396)
current period Tax impact 89 18 – 1 – 108
Net impact after tax (231) (56) 1 (3) – (288)
Table 12.b
Economic credit in USD millions, as of December 31, 2011 Other
spread sensitivities USD EUR GBP CHF currencies Total
Group performance review
for the rest of the 100 basis points increase in credit spreads
businesses – Net impact before tax (521) (17) (11) (3) (1) (553)
prior period Tax impact 157 4 3 1 – 164
Net impact after tax (364) (13) (8) (2) (1) (388)